I came through a post here
https://bitcointalk.org/index.php?topic=5351319.msg57557132#msg57557132And it says that will Amazon adopt btc or not till specified date there.
A question struck my head.
Do such companies need it?
I am not against Amazon or any other big tech names, but as we understand it, Tesla and others have came in crypto to make profits by holding it. But companies like PayPal and Amazon settle millions of dollars on a daily basis sent to their vendors who sell products there successfully. If taken into consideration, then these companies accepting btc will be offering it to users just for their convenience but can't store btc for a long period of time, which means that much btc will be coming back to either exchanges or sold through OTC on a daily basis to settle their deals with vendors quick. Is such an adoption going to harm the overall value of bitcoins if sales will take place through big companies (not Tesla and all who are here for profit)?
I don't think these companies will store a lof of btc even after they start accepting it as a payment method. Reason is simple they won't be willing to take this big of a currency exchange risk on their balance sheets. Companies avoid keeping foreign exchanges as they are prone to fluctuations, btc is at a all high level when it comes to volatility so these companies will definitely hedge themselves against this risk. Especially listed entities it's not easy to keep the primary revenues into such a risky asset.